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Technology Stocks : Novell (NOVL) dirt cheap, good buy?
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To: TheInvestor who wrote (19272)12/29/1997 4:55:00 PM
From: Larry S.  Read Replies (1) of 42771
 
Trade date determines loss or gain. My understanding is that the trade date is the relevant date. A trade done today, tomorrow or Friday would settle in 1998 but the gain or loss would count in 1997 if desired. The brokerage firm may or may not report these late traces on the 1099 for 1997. If not reported, a note would have to be attached to the schedule D to explain the difference. larry
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